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USDJPY IS BULLISH
| Event | Time | Instrument | Impact |
|---|---|---|---|
| Core Retail Sales m/m | 3:30PM | USD, Major Pairs |
USDJPY is making a retracement to retest the support level at 144.200. This level is expected to hold and act as a springboard for a resumption to its bullish run. Wait for a confimation around 144.600 or set a buy limit order anywhere below that level. The resistance at 145.00 is expected to be broken quite easily to test the major resistance established last week at 145.400 should be also be broken. Set a stop loss anywhere below 144.200 and take profit at 146.040
Reviewing Analysis and Comparing Projections to Actual Market Movements.
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This is a placeholder for a review much later
